ABU
DHABI, UAE, May 10, 2024
/PRNewswire/ -- Venom, an innovative layer-0 and layer-1 blockchain
network capable of hosting projects at massive scale, has continued
to expand its offerings, this time forming a strategic partnership
with KuCoin Ventures, the investment arm of KuCoin, a leading
global crypto exchange.
The partnership follows on the heels of Venom's launch into
mainnet and the listing of the VENOM token on KuCoin.
One of the most anticipated new blockchain projects, the Venom
network, has continued to make inroads across the blockchain
industry following its launch into mainnet earlier this year. Venom
has drawn attention due to its unique capabilities as both a
layer-0 and layer-1 blockchain. The network is powered by Mesh
technology, which allows it to communicate seamlessly and at great
speed with other, independent networks.
Built to be capable of hosting massive platforms and projects,
specifically global payment systems and CBDCs, Venom has emerged as
one of the most promising new networks, with capabilities that
could revolutionize what is possible in global commerce.
Now, the network has put itself in a prime position to further
expand and integrate with other blockchain projects by reaching an
agreement with KuCoin, one of the industry's largest exchanges.
KuCoin is one of the top-ten cryptocurrency exchanges
with a daily trading volume of well over $500 million.
The new partnership would involve Venom receiving investment
support for its VENOM token, while also providing enhanced
visibility for projects integrated with the Venom blockchain on
KuCoin. KuCoin Ventures will also provide support and resources
during and after Venom projects on-boarding process.
Reached for comment on the new partnership, Venom Foundation CEO
Christopher Louis Tsu had this to
say: "This new partnership with KuCoin Ventures, the investment arm
of KuCoin exchange, which is one of the industry's largest and most
important exchanges, marks a new chapter for the Venom network.
This will open a lot of new doors for Venom and set the stage for
collaborative work that will redefine this industry and allow Venom
to reach its full potential. We are all very eager to see this come
to fruition and what lies ahead for both us and KuCoin
Ventures."
About Venom:
Venom is a cutting-edge layer-0 and layer-1 network, seamlessly
communicating and integrating with other independent networks
through its innovative Mesh technology. The Venom ecosystem is
anchored by a masterchain, which manages the overall network state
and consensus, while workchains — an unlimited number of autonomous
chains — host user accounts, smart contracts, and
decentralized applications. Mesh technology
revolutionizes inter-chain communication, optimizing interactions
without compromising speed or unparalleled scalability. With a
robust technology stack that ensures rapid finality, comprehensive
security, stability, and user-friendly interfaces, Venom is the
ideal network for hosting CBDCs and other large-scale platforms.
Learn more at https://venom.foundation/
About KuCoin:
Launched in September 2017, KuCoin is
a leading global cryptocurrency exchange with its
operational headquarters in Seychelles. As a user-oriented platform with a
focus on inclusiveness and community action reach, it offers over
800 digital assets and currently provides Spot trading, Margin
trading, P2P Fiat trading, Futures trading, and Staking to its 30
million users in more than 200 countries and regions. In 2023,
KuCoin was named one of the Best Crypto Exchanges by
Forbes and recognized as a highly commended global exchange in
Finder's 2023 Global Cryptocurrency Trading Platform
Awards.
Learn more at https://www.kucoin.com.
Contact for Venom foundation:
Email: media@venom.network
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SOURCE Venom Foundation